Month in Review: June #bitcoin

As far as the price and popularity are concerned, it is my own thesis that we have now returned to a pattern that old-time Bitcoiners know all too well: the Gartner Hype Cycle . The Gartner Hype Cycle is a pattern that many technologies, ranging from machine learning to space exploration and virtual reality, consistently tend to face, and has five stages: (1) a “technology trigger”, (2) a “peak of inflated expectations”, (3) a “trough of disillusionment”, (4) a “slope of enlightenment” and finally (5) a “plateau of productivity”. Bitcoin users in 2011 and 2012 would frequently refer to this model, saying that the currency’s crash from $30 was simply the result of a hype bubble popping and a sign that the “real work” was only starting to come to fruition. In late 2012 to early 2013, many believed that the plateau of productivity was finally here. As it turns out, that was n...